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Brown Bag Seminar Industrial Economics

Venture Capital in Diabetes: A Yes to Big Hits, a No to Competition

Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms)...

02.07.2021| Jan Málek, DIW Berlin and KU Leuven
Brown Bag Seminar Industrial Economics

State Aid for Environmental Protection and Energy – Focus on Electro-intensive Firms

The European Commission commissioned an international consortium including the DIW Berlin with a background study on State aid in the field of environmental protection and energy. The results of the study are meant to support the Commission in the revision of the EU Guidelines on State aid for environmental protection and energy (EEAG). One key focus of the study was to assess the current rules...

21.05.2021| Joanna Piechucka, DIW Berlin
Brown Bag Seminar Industrial Economics

Emergency Aid for the Self-Employed in the COVID-19 Pandemic: A Flash in the Pan?

The self-employed are among those facing the highest probability of strong income losses during the COVID-19 pandemic. Governments in many countries introduced support programs to support the self-employed, including the German federal government, which approved a €50bn emergency aid program at the end of March 2020 offering one-off lump-sum payments of up to €15,000 to those facing...

07.05.2021| Caroline Stiel, DIW Berlin
Brown Bag Seminar Industrial Economics

What Drives Green Capabilities? Evidence from German Firm-level Data

Germany is leading in green competitiveness of its product exports. Deploying the green economic complexity methodology using German AFiD firm-level micro data, this study seeks to analyze explanatory variables for this trend such as green R&D subsidies and subnational density of related green technologies in the light of path dependencies in firms accumulation of green capabilities. It...

12.03.2021| Nils Handler, DIW Berlin
Brown Bag Seminar Industrial Economics

The rise of common ownership: Europe vs the US

Common ownership - when an investor holds shares in two companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership measure derived from...

05.03.2021| Nuria Boot, DIW Berlin and KU Leuven
Brown Bag Seminar Industrial Economics

Common Ownership Patterns in the European Banking Sector – The Impact of the Financial Crisis

We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of block holdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led...

05.03.2021| Jo Seldeslachts, DIW Berlin and KU Leuven
Diskussionspapiere 1960 / 2021

The Productivity Puzzle in Business Services

In Germany, the productivity of professional services, a sector dominated by micro and small firms, declined by 40 percent between 1995 and 2014. This productivity decline also holds true for professional services in other European countries. Using a German firm-level dataset of 700,000 observations between 2003 and 2017, we analyze this largely uncovered phenomenon among professional services, the ...

2021| Alexander S. Kritikos , Alexander Schiersch, Caroline Stiel
Diskussionspapiere 1961 / 2021

Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses

The existential threat to small businesses, based on their crucial role in the economy, is behind the plethora of scholarly studies in 2020, the first year of the COVID-19 pandemic. Examining the 14 contributions of the special issue on the “Economic Effects of the COVID-19 Pandemic on Entrepreneurship and Small Businesses,” the paper comprises four parts: a systematic review of the literature on the ...

2021| Maksim Belitski, Christina Guenther, Alexander S. Kritikos, Roy Thurik
Externe referierte Aufsätze

Merger Efficiency Gains: Evidence from a Large Transport Merger in France

Many industries are seeing an increase in concentration, leading to a discussion on the effectiveness of horizontal merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists little empirical evidence on the actual effects ...

In: International Journal of Industrial Organization 77 (2021), 102760, 22 S. | Ariane Charpin, Joanna Piechucka
Externe referierte Aufsätze

Common Ownership in the U.S. Pharmaceutical Industry: A Network Analysis

We investigate patterns in common ownership networks between firms that are active in the U.S. pharmaceutical industry for the period 2004–2014. Our main findings are that “brand firms”—that is, firms that have research and development capabilities and launch new drugs—exhibit relatively dense common ownership networks with each other that further increase significantly in density over time, whereas ...

In: The Antitrust Bulletin 66 (2021), 1, S. 68–99 | Albert Banal-Estañol, Melissa Newham, Jo Seldeslachts
185 results, from 1